LCL 11.1% 0.8¢ lcl resources limited

Ann: Quinchia Gold Project (Colombia) Update, page-40

  1. 1,688 Posts.
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    LCL Resources have disappointed and made multiple bad decisions as I mentioned right here. Most explorers are can be found at 52wl.

    I can see how disappointed you were and don't believe in it. Fair enough. Stay clear.

    However, they have over $2.5M cash and a 2.6moz shovel ready project with a lot of potential. There is value there for a developer or producer.

    Collective mining don't even think have MRE for their deposit and managed to attracted a shareholder with $18M.

    It just go to show what a bad decision was the switch and abandoning Colombian projects. Those are my thoughts.

    Management FINALLY comes and update the market they RECEIVED THE FOREST PERMIT.

    Massive step to de-risk the project.

    Unfortunately, management did an AWFUL JOB in promoting their Colombian projects.

    Which I always wondered why?

    I am happy they have finally signal they will go back into their core and valuable asset.

    Clearly unloved and laughed at... But there is potential for a massive rerate but least see if management can better sell their projects and change some minds.



 
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